Minimum age
18 years
FAB One Account
FAB One Account is a dirham current account with no minimum balance that earns FAB Rewards. It needs a salary or opening deposit of AED 10,000 to open.
At a glance
Key facts
Minimum BalanceNo minimum balance
Account TypeCurrent
Account access
Debit card included.
Salaried customers require a minimum monthly salary of AED 10,000; non-salaried customers require an initial deposit of AED 10,000. Average monthly balance of AED 10,000 is required to earn FAB Rewards or Etihad Guest Miles.
Open in the app.
The FAB One Account is a current account in UAE dirhams with no minimum balance. Instead of interest, it earns FAB Rewards, the bank's points programme: 40 FAB Rewards for every AED 100 you spend on its free Platinum Mastercard debit card, in the UAE or abroad.
What separates it from the FAB Personal Current Account is the way in. If you are salaried, your monthly salary has to be at least AED 10,000. If you are not salaried, you open the account with a first deposit of at least AED 10,000 instead. Either route works, and you must be a UAE resident aged 18 or above.
Who can open it
Residency
UAE resident
Fees and balance
Nothing is charged for a low balance, so the account costs the same to hold whether it has AED 50 or AED 50,000 in it. The AED 10,000 figure you will see next to this account is about rewards, not fees: your balance earns points only in a month when its average is AED 10,000 or more.
FAB ATMs are free to use. At other banks' ATMs in the UAE, the first four cash withdrawals a month are free and each one after that costs AED 2.10. Closing the account within 6 months of opening costs AED 105.
Minimum balance
None
Fall-below fee
Free
Account closure fee
AED 105
Charged only within 6 months of opening.
In plain words
- Account closure fee
- A one-off charge of AED 105 for closing the account within 6 months of opening it. Closing it later costs nothing. More on this
Benefits
FAB Rewards on Spending and Balance
Earn 40 FAB Rewards for every AED 100 spent on the debit card, plus points on your balance.
Free Platinum Mastercard Debit Card
The card allows AED 20,000 of ATM withdrawals and AED 40,000 of purchases a day.
Four Free Withdrawals at Other UAE ATMs
Four cash withdrawals a month at non-FAB ATMs in the UAE are free. FAB ATMs are always free.
Account Opening on FAB Mobile
The account can be opened on the FAB Mobile app.
How to open
Before you apply
1.Salaried customers require a minimum monthly salary of AED 10,000; non-salaried customers require an initial deposit of AED 10,000. Average monthly balance of AED 10,000 is required to earn FAB Rewards or Etihad Guest Miles.
2.Open in the app.
3.No minimum balance.
4.Debit card included.
Application steps
1.Confirm you meet the entry rule: a salary of AED 10,000 a month, or AED 10,000 to deposit.
2.Open the account on the FAB Mobile app.
3.Have your Emirates ID, passport and residence visa ready, with the originals available.
4.Provide proof of income if the bank asks for it.
Good to know
Good option for
Residents earning AED 10,000 a month or more who want a main account that never charges for a low balance and gives points on everyday card spending.
Consider another account if
Your salary is under AED 10,000 and you cannot place AED 10,000 to open, or you need a foreign currency account, since this one is dirham only. Collectors of airline miles can look at the FAB Etihad Guest Account, which has the same entry rules.
How the balance earns FAB Rewards
Besides card spending, the account earns 6 FAB Rewards for every AED 1,000 of average monthly balance, up to 80,000 FAB Rewards a month. The average is each day's closing balance added together and divided by the number of days in the month, and it has to reach AED 10,000 for the month to count.
Frequently asked questions
Get answers to common questions about the FAB One Account